Hoenig supports bank ring-fencing in the US

Thomas Hoenig

A director of the Federal Deposit Insurance Corporation, Thomas Hoenig, on September 20, advocated a return to a more accountable financial system in order to rebuild public trust.

Speaking at the Exchequer Club in Washington, DC, Hoenig said the publicly funded safety net for banks should be confined by separating banking from broker-dealing.

This would entail restricting commercial banks from engaging in higher risk/return activities such as trading, creating derivatives, or other broker

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